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In a groundbreaking turn of events, United Auto Workers (UAW) leaders shook hands on a momentous agreement with Ford that’s set to redefine pay scales in the automotive realm. Hold onto your hats! This remarkable deal boasts a whopping minimum 30% surge for full-time workers and the potential to more than double the remuneration for others, marking a significant victory in the union’s battle to overturn 15 years of sacrifices.

Meanwhile, the bargaining arena at General Motors (NYSE: GM) remained a battleground without a resolution in sight. UAW President Shawn Fain upped the ante, orchestrating a dramatic walkout at GM’s Spring Hill, Tennessee, plant. Fain and GM CEO Mary Barra were reportedly in a high-stakes discussion on Sunday night, setting the stage for a potential showdown.

Over at Ford, the script took a remarkable twist. This freshly inked deal unfolds an impressive $8.1 billion boost in manufacturing investments, potentially paving the way for workers to pocket up to $70,000 in extra earnings over the 4-1/2-year life of the contract.

This newly penned contract waves goodbye to cost-saving tactics that previously underlined discrepancies between workers at different plant levels. All lower wage tier plants bid farewell, a topic that UAW President Fain had championed from the negotiation’s inception.

The underdogs of the workforce, the temporary workers, are in for a substantial windfall with their pay set to more than double. For the leading cast, the permanent workers, top wage rates could soar by over 30% to reach $42.60 per hour by 2028, inclusive of estimated cost of living allowances.

In exchange for these wins, Ford gains the green light to offer an unlimited number of $50,000 buyouts to older top-rate earners. Subsequently, they can be replaced with younger hires earning less than the top wage for three years—a notable shift from the previous eight-year timeline for new workers to reach the top rate.

In a video post on Sunday, Fain expressed, “It is a turning point in the class war that has been raging in this country for the past 40 years.” He attributed the rich contract to the union’s strategic escalation, employing targeted strikes over a six-week period. “This contract showcases the incredible power workers wield when they fearlessly wield it,” he added.

Although the union retracted some initial demands that included a 32-hour work week and other significant requests, the victory at Ford marks a substantial shift in the balance of power in the ongoing negotiations between automotive giants and the UAW.

Following talks with local union leaders in Detroit, the UAW revealed the terms of the new contract deal with Ford on Sunday, setting the stage to present the deal to all union workers for ratification.